Flinton Capital Management LLC boosted its position in Wyndham Worldwide Co. (NYSE:WYN) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,256 shares of the company’s stock after purchasing an additional 30,294 shares during the quarter. Flinton Capital Management LLC’s holdings in Wyndham Worldwide were worth $10,574,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Iridian Asset Management LLC CT raised its stake in Wyndham Worldwide by 9.7% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock valued at $278,143,000 after purchasing an additional 211,886 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Wyndham Worldwide by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock valued at $213,136,000 after purchasing an additional 695,118 shares during the last quarter. Investec Asset Management LTD acquired a new position in Wyndham Worldwide in the 4th quarter valued at $226,144,000. Geode Capital Management LLC raised its stake in Wyndham Worldwide by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,058,939 shares of the company’s stock valued at $122,435,000 after purchasing an additional 27,152 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Wyndham Worldwide by 479.7% in the 3rd quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock valued at $76,556,000 after purchasing an additional 600,980 shares during the last quarter. 92.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Wyndham Worldwide Co. (NYSE:WYN) opened at $118.40 on Wednesday. Wyndham Worldwide Co. has a 52 week low of $81.16 and a 52 week high of $127.96. The stock has a market capitalization of $11,858.12, a price-to-earnings ratio of 19.21 and a beta of 1.38. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 6.44.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, March 14th. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.23%. Wyndham Worldwide’s dividend payout ratio (DPR) is 27.42%.
WYN has been the subject of several recent research reports. Wolfe Research raised Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Macquarie started coverage on Wyndham Worldwide in a research note on Friday, January 5th. They issued an “underperform” rating for the company. Finally, Stifel Nicolaus raised their target price on Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.44.
In related news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nicola Rossi sold 2,863 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $117.50, for a total value of $336,402.50. Following the sale, the vice president now directly owns 250 shares of the company’s stock, valued at $29,375. The disclosure for this sale can be found here. Insiders sold a total of 34,891 shares of company stock valued at $4,042,356 over the last ninety days. Corporate insiders own 2.39% of the company’s stock.
Wyndham Worldwide Profile
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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